• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics
Thursday, July 17, 2025
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

We haven’t received our monies despite Receiver’s promise – Customers of S&L

Ellen DapaahbyEllen Dapaah
February 26, 2020
Reading Time: 2 mins read
ShareShareShareShare

The Coalition of Affected Savings and Loans Customers (CASLOC) says none of the over three million members of the group has retrieved their locked up cash.

The Receiver of the collapsed savings and Loans and microfinance indicated on February 25, 2020 that about 1,300 depositors will receive messages to reclaim their monies.

However in an interview with Citi News, Spokesperson for the CASLOC, Iddrisu Mubarak says none of the members had received a message.

“CASLOC alone holds more than three million customers. And out of that, we have divided them under regions and every region has its head. So every morning, the regional head goes down, to check on platforms, telegrams and places to find out whether any of them have been paid or has received a text message or something.

“None of them has received a text message, call or e-mail. None of our members has received anything. We were all telling our customers to exercise patience. We told them it is a process and sometimes might take a longer period so they should all exercise patience so we can give the government ample time,” he aid.

Customers to be paid on Feb 24

The Receiver, Eric Nana Nipa had earlier confirmed to Citi News that the customers of the collapsed microfinance, savings and loans and finance houses will from Monday, February 24, begin to access their full locked-up funds.

This came after President Akufo-Addo, while delivering the 2020 State of the Nation Address in Parliament last week said the affected customers will begin receiving their locked up cash from the said date.

 

 

Customers to be paid by March

However, in a new development, the Receiver has assured that all affected depositors will receive their locked up investments by end of March this year after payment processes started on Monday.

In an interview with Citi Business News, spokesperson for the receiver, Philomena Kuzoe, said since February 24, about 800 people have been notified to retrieve their locked up cash amounting to GH¢200 million from Consolidated Bank Ghana (CBG).

“So yesterday [Monday], we paid the social institutions made up of the churches, hospitals, schools, welfare associations who have their claims with these defunct microfinance and savings and loans institutions. We are expecting to finish by the end of March,” she said.

Tags: CASLOCGhana News
Share1588TweetSendSend
Previous Post

Police probe alleged beating of Sunyani residents over funeral attire

Next Post

High profile personalities join Royalhouse for ‘AG Is 60’ celebration

Related Posts

Featured

Six months enough for Mahama to end galamsey – Tony Aidoo

July 17, 2025
Business

Mayor of London calls for inclusive trade and stronger UK-Ghana ties

July 17, 2025
Featured

OSP talks too much, I don’t trust him – Tony Aidoo slams Kissi Agyebeng

July 17, 2025
General

Payaza earns triple credit rating in major win for African Fintech

July 17, 2025
Slider

Minority demands ministerial briefing on E&P-Azumah dispute

July 17, 2025
Business

Trade Minister engages Moroccan delegation on strategic investment partnership

July 17, 2025
Next Post

High profile personalities join Royalhouse for ‘AG Is 60’ celebration

ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections

© 2024 All Rights Reserved Citi Newsroom.